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A. Hal's profit-maximizing output, price, and total revenue will be?B. At the profit maximizing output, Hal's average total cost and total cost will be?C. Hal
A. Hal's profit-maximizing output, price, and total revenue will be?B. At the profit maximizing output, Hal's average total cost and total cost will be?C. Hal will earn an economic profit of?D. Attracted by short-run economic profits, suppose that firms enter this industry. In the long run, what will be the effect on Hal's demand curve, marginal revenue curve, and economic profits?
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